MUMBAI: Mutual fund houses are likely to pay huge dividend in their equity-oriented mutual fund schemes before March 31. Chief executive officers of at least three fund houses have confirmed receiving requests for dividends from high networth individuals and wealth managers. "There have been a number of requests from distributors asking for dividends in equity or balanced funds," said the CEO of a fund house at a domestic mutual fund. Many distributors have mobilised big money from HNIs in the past whenever fund houses have declared large dividends. Whenever there's a huge dividend, a select set of investors are always ready to invest," said a Mumbai-based distributor.According to mutual fund regulations, fund houses can pay dividend in their schemes only from realised gains.

Source: Economic Times February 03, 2018 04:41 UTC